In February 2020, Udemy raised $50 million from long-time partner in Japan, Benesse Holdings, Inc. and announced $2 billion valuation. In November 2020, Udemy raised $50 million at a $3.25 billion valuation led by Tencent Holdings.
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Although Udemy has not released any year-end numbers, Forbes makes note that two sources close to the company said revenue would exceed $400 million in 2020 . Though other sources put their revenue as high as $653.9 million.
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